Global apparel exports are estimated at USD 428 billion

Mumbai: Global apparel exports are estimated at USD 428 billion, out of which Indian exports stood at a mere USD 15.7 billion as against China's USD 165 billion in value terms. Similarly, Bangladesh exports apparel worth USD 26.2 billion.      

"The high labour cost in China and the problem related to compliance in countries like Bangladesh are beginning to bite them, and the need of the hour is to seize the opportunity.      

"India is now number two in Textiles exports despite various constraints. If there is a policy push to increase the duty drawback, facilitate the imports and provide employment generation based tax credit/incentives, we could scale new heights in a very short period," Uppal added.